SEGMENT REPORTING

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 24 – SEGMENT REPORTING

The following table presents selected financial information with respect to the Company’s reportable business segments for the years ended December 31, 2015, 2014 and 2013.

	Year Ended
	December 31, 2015
					Warehouse
			Retail Mortgage		Lending
	Banking Division		Division		Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	174,162	$	8,821	$	4,137	$	3,273	$	190,393
Interest expense		14,385		-		-		471		14,856
Net interest income		159,777		8,821		4,137		2,802		175,537
Provision for loan losses		4,847		417		-		-		5,264
Noninterest income		44,251		34,498		1,364		5,473		85,586
Noninterest expense
Salaries and employee benefits		68,183		22,112		519		3,189		94,003
Equipment and occupancy expenses		19,320		1,674		7		194		21,195
Data processing and telecommunications expenses		18,681		1,065		95		8		19,849
Other expenses		59,636		3,787		123		522		64,068
Total noninterest expense		165,820		28,638		744		3,913		199,115
Income before income tax expense		33,361		14,264		4,757		4,362		56,744
Income tax expense		7,713		4,992		1,665		1,527		15,897
Net income		25,648		9,272		3,092		2,835		40,847
Less preferred stock dividends		-		-		-		-		-
Net income available to common shareholders	$	25,648	$	9,272	$	3,092	$	2,835	$	40,847
Total assets	$	5,166,045	$	246,730	$	101,893	$	74,272	$	5,588,940
Other intangible assets, net	$	17,058	$	-	$	-	$	-	$	17,058
Goodwill	$	90,082	$	-	$	-	$	-	$	90,082

	Year Ended
	December 31, 2014
					Warehouse
			Retail Mortgage		Lending
	Banking Division		Division		Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	154,898	$	5,344	$	2,016	$	2,308	$	164,566
Interest expense		14,438		-		-		242		14,680
Net interest income		140,460		5,344		2,016		2,066		149,886
Provision for loan losses		4,822		826		-		-		5,648
Noninterest income		32,337		24,959		655		4,885		62,836
Noninterest expense
Salaries and employee benefits		55,101		15,918		255		2,604		73,878
Equipment and occupancy expenses		16,097		1,342		1		81		17,521
Data processing and telecommunications expenses		14,436		1,043		54		18		15,551
Other expenses		39,175		3,603		392		749		43,919
Total noninterest expense		124,809		21,906		702		3,452		150,869
Income before income tax expense		43,166		7,571		1,969		3,499		56,205
Income tax expense		12,918		2,650		689		1,225		17,482
Net income		30,248		4,921		1,280		2,274		38,723
Less preferred stock dividends		286		-		-		-		286
Net income available to common shareholders	$	29,962	$	4,921	$	1,280	$	2,274	$	38,437
Total assets	$	3,751,503	$	164,588	$	58,502	$	62,484	$	4,037,077
Other intangible assets, net	$	8,221	$	-	$	-	$	-	$	8,221
Goodwill	$	63,547	$	-	$	-	$	-	$	63,547

	Year Ended
	December 31, 2013
					Warehouse
			Retail Mortgage		Lending
	Banking Division		Division		Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	120,522	$	3,162	$	721	$	1,917	$	126,322
Interest expense		9,940		-		-		197		10,137
Net interest income		110,582		3,162		721		1,720		116,185
Provision for loan losses		11,486		-		-		-		11,486
Noninterest income		25,282		18,967		163		2,137		46,549
Noninterest expense
Salaries and employee benefits		43,524		12,341		174		631		56,670
Equipment and occupancy expenses		11,599		625		6		56		12,286
Data processing and telecommunications expenses		10,957		534		39		9		11,539
Other expenses		36,850		4,258		128		214		41,450
Total noninterest expense		102,930		17,758		347		910		121,945
Income before income tax expense		21,448		4,371		537		2,947		29,303
Income tax expense		6,536		1,530		188		1,031		9,285
Net income		14,912		2,841		349		1,916		20,018
Less preferred stock dividends		1,738		-		-		-		1,738
Net income available to common shareholders	$	13,174	$	2,841	$	349	$	1,916	$	18,280
Total assets	$	3,506,954	$	108,198	$	14,229	$	38,268	$	3,667,649
Other intangible assets, net	$	6,009	$	-	$	-	$	-	$	6,009
Goodwill	$	35,049	$	-	$	-	$	-	$	35,049